Firstly setup the remote repository:

ssh git@example.com
mkdir my_project.git
cd my_project.git
git init --bare
git update-server-info # If planning to serve via HTTP
exit
On local machine:

cd my_project
git init
git add *
git commit -m "My initial commit message"
git remote add origin git@example.com:my_project.git
git push -u origin master
Done!

Team members can now clone and track the remote repository using the following:

git clone git@example.com:my_project.git
cd my_project